Who can claim a deduction under section 80DD?
Deduction under section 80DD of the income tax act is allowed to Resident Individuals or HUFs for a ...
“My father and I took a home loan jointly, but the property is in my father’s name. Will I be able to claim deduction for interest?”
Anurag was elated that his job helped his family buy a house. Anurag and his father pooled in their ...
All about claiming deduction on interest under section 80TTA
Section 80TTA provides a deduction of Rs 10,000 on interest income. This deduction is available to a...
Can I claim renovation expenses as a deduction while calculating capital gains?
At the time of calculating capital gains, expenses incurred towards renovation or cost of improvemen...
HC : Land transfer in 'works contract' non-taxable; Reads down 'deductions' for "price" calculation
P&H HC upholds constitutional validity, but reads down Rule 25(2) of Haryana VAT Rules, holds th...
ANALYSIS OF SECTION 80C DEDUCTION
Section 80C deduction is best source of tax planning, which also motivates individuals to save for t...
Tax implications of Investment & Redemption of ULIPs
Investments in ULIP come with tax benefits both at the time of investment as well as on maturity. Ta...
No limit on deduction for money paid to a Political Party
Under section 80GGC deduction is allowed to Individuals (other than a company) for donations made to...
Tax benefits on Health Insurance
Here are the details of tax benefits in Budget 2015 when you purchase health insurance. These are ap...
Will the FM raise the Section 80C deduction limit?
Household financial savings are the largest contributor of overall savings in India. The money that ...